What is driving the Pound's outperformance of the Euro?
GBP/EUR will respect the September-November range during the course of the next five days, with the 21-day moving average having a gravitational effect.
Euro exchange rates fell after the Eurozone's PMI survey for November revealed a deterioration in conditions, hastening the need for support from the European Central Bank (ECB).
One of Germany's largest banks thinks the British Pound is set for another strong year against the Euro. However, a key risk is an economic slowdown following Rachel Reeves' budget.